Hey Trader, please see my current idea on Gold. This time on the weekly chart. According to my count we may have finished our ABCDE wave triangle. In this case wave E has the structure of a 5 wave pattern. In this case I do expect a lot of buying pressure on Gold which should lead to a breakout of this triangle and therefore new highs. Fundamentally it looks like...
Ethereum is now at the 0.618 fibonacci retracement level which is very important and will now stronlgy continue to 2.5k bye. (Coins to buy right now: Cardano,DOT and ETH)
Ethereum is going to have a parabolic move to 2.5k and will outperform Bitcoin massively
Bullrun before february, bearish after. 1W version.
Late phase of bearish after january.
Based on trading range targets and and resistance at the top of the trend channel line, profit taking and short positions may be taken round these levels round 2480.0. if the S&P gets up here the likelyhood of testing 2500 is a real possibility. The S&P could then test the bottom of the shorter term channel and may even go further to test the bottom of the long...